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Fortune
Fortune
Nick Lichtenberg

Move over, 30-year mortgage. The Trump White House is working on a 50-year option to break the housing market gridlock

Donald Trump Bill Pulte United States Housing Market Fannie Freddie ResiClub Fannie Mae Intel Corporation
Trump (Credit: Truth Social)

The Trump administration is moving forward with a plan to introduce a 50-year fixed-rate mortgage, a reform officials believe could make homeownership more feasible for millions of Americans amid soaring prices and mounting affordability concerns.​

“Thanks to President Trump, we are indeed working on The 50-year Mortgage – a complete game changer,” Federal Housing Finance Agency Director Bill Pulte said Saturday in a statement released on social media.

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